Europe & UK

Europe & UK

Subsidy-Free Solar Arrives in Germany’s Biggest Panel Farm Yet

October 17, 2019 Anand Gupta

Germany’s largest solar park will be built by Energie Baden-Wuerttemberg AG, the first utility willing to forego guaranteed payments or subsidies for the power the farm will produce when it’s ready next year. EnBW approved a decision to invest in the 180 megawatt Weesow-Willmersdorf park in the state of Brandenburg northeast of Berlin on Wednesday. […]

Europe & UK

Germans to pay 5.5% higher levy for renewable power in 2020

October 16, 2019 Anand Gupta

FRANKFURT: Germany’s power network operators (TSOs) will hike by 5.5% next year the fee consumers have to pay to support the country’s shift toward renewable energies, they said on Tuesday, confirming what a source earlier told Reuters. The surcharge is a key part of Germany’s policy to switch to lower carbon sources of energy, known […]

Europe & UK

Suntrace and BayWa r.e. support B2Gold in implementing the Fekola Solar Project – one of the world’s largest solar battery HFO hybrid projects

October 14, 2019 Anand Gupta

Hamburg/Munich: Solar energy has become the most competitive energy source. In off-grid energy systems, solar energy combined with conventional energy generation and battery storage can provide secure power during day and night. B2Gold Corp. (CA) operates the Fekola gold mine in Mali, West Africa. Suntrace GmbH with its partner BayWa r.e. had completed a preliminary […]

Europe & UK

ReneSola and Aberdeen Standard Investments Announce the Acquisition of a 55MW Portfolio of Solar Assets in Poland

October 9, 2019 Anand Gupta

SHANGHAI : ReneSola Ltd (“ReneSola” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, and Aberdeen Standard Investments (“ASI”), a leading global asset manager, today announced that ASI acquired 100% stake in a 55 MW portfolio of ground-mounted solar farms developed by Renesola. The portfolio consists of 34 state-of-the-art individual projects with […]

Europe & UK

Finland’s Fortum to gain control of Uniper in $2.5-bn deal

October 9, 2019 Anand Gupta

Move would bring it closer to full ownership of Uniper HELSINKI/FRANKFURT: Finnish utility Fortum is set to gain control of Germany’s Uniper by acquiring the stakes of activist funds Elliott and Knight Vinke, potentially ending a long-running deadlock over ownership of the group. State-controlled Fortum has been seeking control of the energy firm since 2017, […]

Europe & UK

Italian power producer Enel ditches green bonds for controversial new format

October 7, 2019 Anand Gupta

The Italian electricity giant is one of the biggest corporate issuers of green bonds LONDON: The green bond market faces an uncertain future after Enel confirmed to IFR that it would ditch its high-profile green bond programme in favour of a controversial new bond format that bankers say could become a new industry standard. The […]

Europe & UK

Spain: Investment Plan for Europe – EIB provides EUR 200m to support clean urban transport

October 3, 2019 Anand Gupta

The EU bank is making it possible to put 650 new, less polluting buses on the roads The funds aim to help improve air quality in Spanish cities The European Investment Bank (EIB) has provided almost EUR 200m to cut the polluting emissions produced by buses in Spain’s largest cities. The EU bank has been […]

Europe & UK

Dhamma Energy breaks ground on 87.5-MWp French solar park

October 3, 2019 Anand Gupta

Madrid-based solar developer Dhamma Energy has broken ground on the 87.5-MWp Athies-Samoussy photovoltaic (PV) park in the region of Hauts-de-France in northern France. The company held a ceremony last week to lay the foundation stone of the EUR-70-million (USD 76.7m) plant at the former NATO airbase of Laon-Athies. The construction process is expected to last […]

Europe & UK

RWE touts 18 gigawatt renewable project pipeline in green shift

October 2, 2019 Anand Gupta

ESSEN: German utility RWE has a renewable project pipeline of more than 18 gigawatts (GW), mostly in the United States, it said on Monday, confirming it could pour up to 3 billion euros ($3.3 billion) into green energy sources a year. “We will set aside a net 1.5 billion euros to invest in renewables and […]

Europe & UK

Polish utility Enea looks to boost renewables, maintain capacity

October 2, 2019 Anand Gupta

The company, which generates most of its electricity by burning coal, said on Monday it will update its strategy this year bearing in mind “the preferences of financial institutions regarding transformation” WARSAW: Enea aims to maintain the size of its installed capacity while swapping tradition energy sources for more renewable energy, the Polish state-run utility’s […]